Q4 2022 Earnings Estimate for Hancock Whitney Co. Issued By Jefferies Financial Group (NASDAQ:HWC)

Hancock Whitney Co. (NASDAQ:HWC – Get Rating) – Equities researchers at Jefferies Financial Group lifted their Q4 2022 EPS estimates for Hancock Whitney in a research note issued to investors on Monday, January 9th. Jefferies Financial Group analyst C. Haire now forecasts that the company will post earnings per share of $1.72 for the quarter, up from their previous estimate of $1.69. The consensus estimate for Hancock Whitney’s current full-year earnings is $5.96 per share. Jefferies Financial Group also issued estimates for Hancock Whitney’s Q2 2023 earnings at $1.22 EPS, Q1 2024 earnings at $1.60 EPS, Q2 2024 earnings at $1.59 EPS, Q3 2024 earnings at $1.66 EPS, Q4 2024 earnings at $1.65 EPS and FY2024 earnings at $6.50 EPS.

Hancock Whitney (NASDAQ:HWC – Get Rating) last announced its earnings results on Tuesday, October 18th. The company reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. The company had revenue of $365.64 million for the quarter, compared to analysts’ expectations of $363.06 million. Hancock Whitney had a net margin of 37.70% and a return on equity of 15.08%. During the same period last year, the firm earned $1.45 earnings per share.

Several other analysts have also issued reports on HWC. Raymond James increased their price target on shares of Hancock Whitney from $58.00 to $61.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 19th. StockNews.com lowered shares of Hancock Whitney from a “buy” rating to a “hold” rating in a research report on Thursday, October 20th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Hancock Whitney presently has a consensus rating of “Moderate Buy” and an average price target of $58.50.

Hancock Whitney Stock Performance

NASDAQ HWC opened at $50.07 on Tuesday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 8.52 and a beta of 1.35. The firm’s 50 day simple moving average is $51.64 and its 200 day simple moving average is $49.65. Hancock Whitney has a 1 year low of $41.62 and a 1 year high of $59.82.

Hancock Whitney Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Shareholders of record on Monday, December 5th were given a $0.27 dividend. The ex-dividend date was Friday, December 2nd. This represents a $1.08 dividend on an annualized basis and a yield of 2.16%. Hancock Whitney’s dividend payout ratio is currently 18.37%.

Insider Buying and Selling at Hancock Whitney

In other Hancock Whitney news, CFO Michael M. Achary sold 2,032 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The shares were sold at an average price of $51.43, for a total value of $104,505.76. Following the sale, the chief financial officer now owns 43,117 shares in the company, valued at $2,217,507.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Michael M. Achary sold 2,032 shares of Hancock Whitney stock in a transaction on Friday, October 21st. The shares were sold at an average price of $51.43, for a total transaction of $104,505.76. Following the transaction, the chief financial officer now owns 43,117 shares in the company, valued at $2,217,507.31. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Joseph S. Exnicios sold 2,540 shares of Hancock Whitney stock in a transaction on Monday, November 7th. The stock was sold at an average price of $55.57, for a total transaction of $141,147.80. Following the transaction, the insider now owns 21,557 shares in the company, valued at approximately $1,197,922.49. The disclosure for this sale can be found here. Company insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On Hancock Whitney

A number of hedge funds have recently modified their holdings of the business. Hancock Whitney Corp raised its stake in Hancock Whitney by 0.5% during the second quarter. Hancock Whitney Corp now owns 814,444 shares of the company’s stock worth $36,104,000 after buying an additional 3,770 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in Hancock Whitney during the third quarter worth $139,000. Assenagon Asset Management S.A. raised its stake in Hancock Whitney by 116.8% during the second quarter. Assenagon Asset Management S.A. now owns 81,810 shares of the company’s stock worth $3,627,000 after buying an additional 44,072 shares during the last quarter. Foundry Partners LLC raised its stake in Hancock Whitney by 0.7% during the third quarter. Foundry Partners LLC now owns 154,161 shares of the company’s stock worth $7,062,000 after buying an additional 1,029 shares during the last quarter. Finally, LVZ Inc. raised its stake in Hancock Whitney by 15.2% during the second quarter. LVZ Inc. now owns 7,813 shares of the company’s stock worth $346,000 after buying an additional 1,028 shares during the last quarter. Institutional investors and hedge funds own 79.09% of the company’s stock.

About Hancock Whitney

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Hancock Whitney Corporation operates as the financial holding company for Hancock Whitney Bank that provides traditional and online banking services to commercial, small business, and retail customers. It accepts various deposit products, including noninterest-bearing demand deposits, interest-bearing transaction accounts, savings accounts, money market deposit accounts, and time deposit accounts.